I feel like I’ve been intentionally ignoring the interest side of my student loan repayment.
Not because I think it’s smart, but because every time I look at it, it just stresses me out more. I recently checked how much interest I’ve already paid and it honestly made me rethink even looking at it again.
So now I’m just focusing on the monthly payment and pretending the rest doesn’t exist.
I know that’s probably not the best payoff strategy, but at the same time it helps me stay consistent without overthinking everything.
Kind of stuck between “be fully aware and stressed” vs “be slightly ignorant and calm.”
How do you guys deal with the interest part mentally?
Is ignoring the interest part a bad idea or just survival?
byu/Zestyclose_Leek9710 inStudentLoans
Posted by Zestyclose_Leek9710
4 Comments
Hugely bad idea. Confront it. Ignorance isn’t blind to accruing interest.
By planning to leave the country
You need to pay more on the principal. The easiest way to force yourself to do that is be disgusted by the interest.
you either pay your loans off or hope for forgiveness
to pay loans off you have to pay more than the interest the interest each month.
Forgiveness the interest doesn’t matter, but there is still a tax bomb at the end. Also, as we have seen the government is going to keep flipping back and forth screwing over ‘we the people’.